EU Close To Deal For Curbs On Naked Sovereign CDS: Sources – Bloomberg News
fxbom.com
11:29 AM
The EU is nearing an agreement to include an optional ban on naked credit default swaps on sovereign debt into a draft law on short selling, Bloomberg News reported Monday on its website, citing unnamed sources.
Officials and lawmakers from the Polish government are scheduled to discuss the ban in a two-hour meeting later Tuesday, according to the report. The draft law would also ban naked short selling of stocks and government bonds, the report said.
Full Story: http://www.bloomberg.com/news/2011-10-17/eu-said-to-be-close-to-deal-for-curbs-on-naked-sovereign-cds.html
(END) Dow Jones Newswires
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